The mortgage on your new condominium cost you $1,040 per month. You are trying to budget for the year and want to know what your monthly property
tax bill will be. Residential property is assessed at 29% of its market value. You originally purchased your condo for $135,000. The mill rate in your county
is 81.85%0.
Determine how much you will pay in property tax for the year. S
Property Tax